- Youdao (NYSE:DAO) -2.4% prices public offering of 7M ADS at $34.00.
- Underwriters will have an 11-day option to purchase up to an aggregate of 1,050,000 additional ADSs.
- Closing date is February 16.
- Net proceeds from the offering will ne used to further invest in technology and product development, expand branding and marketing efforts and satisfy other general corporate purposes.
- Press Release